Imee Marcos: Yes we’ll forward to that po, umm during Masagana 99 in the 70’s there was also very effective use of commercial banks, rural banks and even cooperative banks and I believe that scheme would truly work. However perhaps we could consider enlarging the national government’s stake even in that regard.
Second question po..
Sec. Dominguez: MA’M BEFORE WE GO AHEAD..
Imee Marcos : Yes!
Sec. Dominguez : SINCE YOU SAID MASAGANA 99,
Imee Marcos : Opo!
Sec. Dominguez : I WAS THE SECRETARY OF AGRICULTURE THAT CLEANED UP THE MESS OF MASAGANA 99. THAT WAS LEFT BY MASAGANA 99. THERE WERE ABOUT 800 RURAL BANKS THAT WERE BANKRUPTED BY THAT PROGRAM AND WE HAD TO RESCUE THEM.
SO WHETHER IT WAS A TOTAL SUCCESS OR NOT HAS TO BE MEASURED AGAINST THAT.
Imee Marcos : The success po perhaps was not in banking it was certainly in rice exportation. So..
Sec. Dominguez : Ah, no. WE NEVER EXPORTED RICE. WE NEVER EXPORTED RICE, MA’M.
Resibo: Dominguez vs Marcos: When Imee Marcos attempts to ‘revise’ history again but fails
Resibo: Dominguez rebuts Marcos on Masagana 99 feat: ‘I cleaned up the mess’